人工智能算力基建建设拉动了全球有色金属市场的景气度。中国上半年规模以上有色金属企业利润总额达4183.9亿元，同比增长94.0%1。在此带动下，被业界称为"算力金属"的铜、锡、钽等有色金属价格出现明显上涨，其中锡价在半年内上涨40%，钽价飙升158%，铟价上涨60%1。同期十种有色金属产量达4151.3万吨，同比增长3.3%1。
数据中心扩张对有色金属的需求持续增加。预计全球数据中心铜消费量将从2026年的74万吨增至2028年的130万吨1。AI服务器对特定金属的依赖程度更高，单台AI服务器用锡量是传统服务器的3倍以上1。业内普遍判断，"算力金属"短期供需格局未发生根本性改变，价格中枢存在支撑1。
Artificial intelligence infrastructure demand is reshaping global non-ferrous metal markets, with China's sector demonstrating remarkable growth in the first half of 2024. Large-scale non-ferrous metal enterprises reported combined profits of 438.39 billion yuan in the period, a year-on-year increase of 94.0%, driven substantially by elevated prices for "computing metals" essential to AI server deployment 1. Production of ten major non-ferrous metals reached 41.513 million tons, growing 3.3% compared to the same period last year 1.
Prices for key computing metals surged dramatically during the six-month period. Tin prices rose 40% while tantalum prices skyrocketed 158%, and indium increased 60% 1. The surge reflects accelerating global demand for AI infrastructure: data centers are projected to consume 740,000 tons of copper by 2026, expanding to 1.3 million tons by 2028 1. AI servers consume more than three times the tin required by traditional servers 1.
Industry analysts note that while the underlying supply-demand dynamics for computing metals remain fundamentally unchanged in the near term, price support mechanisms are solidifying. According to the industry consensus, the supply-demand structure for "computing metals" has not undergone fundamental change in the short term, though the price center maintains support 1. Despite optimistic near-term conditions, experts caution that price volatility risks remain present in the market.
评论
还没有评论，欢迎留下第一条。